Author: NBTC

net’s Co-Staking Marketplace is now live enabling the sharing of staking rewards. With the Co-Staking, no hardware is needed for $IO holders to earn staking rewards. The Co-Staking Marketplace connects hardware suppliers with token holders. io.net, a leading platform in the DePIN (Decentralized Physical Infrastructure Networks) space, has launched Co-Staking Marketplace, an innovative feature that allows users to share block rewards. The Co-Staking feature enables both device suppliers and $IO token holders to participate in the network’s validation process and share in the lucrative block rewards, without the necessity of owning physical hardware. Democratizing staking The Co-Staking Marketplace is a…

Ethereum price is in its third consecutive week in the red as investors remain on the sidelines. Ethereum (ETH) traded at $1,758 this week, its lowest level since October 2023. It has plunged by over 55% from its highest level in November last year. Ether has crashed for several reasons. Spot Ethereum ETFs have continued to experience outflows, a sign of waning demand from Wall Street investors. Total outflows in the last three weeks stood at over $513 million, bringing the cumulative net inflows to $2.64 billion. Ethereum continues to lose market share in key industries like stablecoin processing and…

A little-known memer named BuzzlamicJihad launched an unofficial “community takeover” of layer-1 blockchain Aptos, and two months after Aptos Labs founder and CEO Mo Shaikh stepped down, it’s finally catching on—and fueling a massive price surge. Aptos (APT) has spiked 17% over the past 24 hours to a current price of $6.45, according to CoinGecko, making the token the third-biggest gainer in the top 100 cryptocurrencies by market cap during that span. The token’s daily peak price of $6.57 is the highest mark seen since February 2. There doesn’t appear to be much to the community takeover, or CTO, aside…

This is a segment from The Drop newsletter. To read full editions, subscribe. Another blockchain gaming studio is shutting down — Battlebound is closing its doors. The studio was overseeing two games, including the metaverse game Evaverse with an EVA token and an in-development RPG dubbed Anterris. The Evaverse token is down over 99% from its all-time high. Battlebound previously raised $4.8 million in seed funding back in 2022 from investors including a16z and Dapper Labs. It gained another $3 million by selling NFTs. The company had the budget for what’s often called an “AA game” or the equivalent of…

Spot Bitcoin ETFs in the U.S. saw more net outflows on Feb. 19 as Bitcoin struggled amid delays in crypto regulations and ongoing geopolitical tensions, like the U.S.-China tariff disputes, keeping the market in a consolidation phase. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $71.07 million in outflows on Wednesday, extending their outflow streak to two consecutive days with $60.63 million exiting the funds the previous day. The majority of outflows came from Fidelity’s FBTC which saw $48.39 million withdrawn by investors followed by Valkyrie’s BRRR, ARK 21Shares’ ARKB and VanEck’s HODL which saw $9.27 million,…

Ethereum (ETH) has seen a significant decline in price, falling from $2,800 to around $1,900 in recent weeks. This drop has triggered a major bearish signal, the first of its kind in two years. However, the current price action may also suggest that recovery could be on the horizon. Ethereum Has A Shot At Recovery Ethereum’s price recently fell below the Realized Price for the first time in two years, a development that has sparked concern among some investors. This drop has caused the Market Value to Realized Value (MVRV) ratio to decline, indicating that investors are facing approximately 7%…

The filings for spot Solana (SOL) exchange-traded funds (ETFs) from VanEck, 21shares, Bitwise, and Canary Capital were officially added to the Federal Register on Feb. 18. The US Securities and Exchange Commission (SEC) now has 240 days to approve or deny the filings. Additionally, the register for the Grayscale filing was added on Feb. 12, which would include its Solana ETF in the batch that could be approved until Oct. 16. The Grayscale Solana ETF amendment was acknowledged by the SEC on Feb. 6, and the four other filings were acknowledged on Feb. 11. SOL is currently in a spot…

Coinbase (COIN) is one step closer to fully returning to India after securing registration with the Financial Intelligence Unit (FIU), the crypto exchange said on Tuesday. The Nasdaq-listed company, which was active in the country several years ago, faced a number of issues due to regulatory pressure and eventually backed away from India. In 2022, it started operations in the country only to suspend them due to “informal pressure” from the Reserve Bank of India. The following year, the exchange shut off new user registration, while continuing to offer wallet services to Indian citizens. The FIU registration allows Coinbase to…

According to their latest report on the Bitcoin ecosystem, venture capital firm Epoch noted an increasing number of startups incorporating Bitcoin (BTC) into their balance sheets. According to the report, as inflation concerns and fundraising challenges persist, Bitcoin is emerging as a strategic asset for startups seeking capital efficiency, dilution protection, and global market positioning. Moreover, the document illustrates Bitcoin’s impact on a startup’s financial sustainability. For example, a startup that raises $1 million for 10% equity and maintains a $20,000 monthly burn rate could significantly reduce future fundraising needs by allocating 50% of its cash to BTC. Assuming a…

A smart whale conducted multiple high-risk ETH and BTC trades which brought significant attention from the cryptocurrency market. Earlier, the insider made a $5.22M transaction with Hyperliquid to establish leveraged positions. His initial trades were aggressive: ETH Long (50x leverage): Entry at $1,884.4 with a liquidation level at $1,838.2 BTC Long (20x leverage): Entry at $82,003.9 with a liquidation threshold at $61,182 All for $ETH!This whale has switched all of his long $BTC positions to long $ETH and further bridged $10M to Hyperliquid to place a buy order of 5,508.08 $ETH at $1,921.Currently, the whale’s $ETH long position has reached…